EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Income Statement

31.1.3

Net employee benefit liability by geographical area

France (1)

United Kingdom

Other

Total

(in millions of euros)

Obligations at 31/12/2016 Net expense for 2017 Actuarial gains and losses Employees’ contributions to funds

33,373

8,891

419

42,683

1,427 (598)

511 194

23

1,961 (400)

4

-

14

-

14

Benefits paid

(1,501)

(338) (316)

(9)

(1,848)

Translation adjustment

- - -

-

(316)

Changes in scope of consolidation (2)

- -

630

630

Other movements

(3)

(3)

OBLIGATIONS AT 31/12/2017

32,701 (11,621) 21,080

8,956

1,064 (588)

42,721 (21,895) 20,826

Fair value of fund assets

(9,684)

NET EMPLOYEE BENEFIT LIABILITY AT 31/12/2017

(728)

474

Including: Provisions for employee benefits Non-current financial assets (3)

21,080

182

474

21,736

-

(910)

-

(910)

France comprises the two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 31.2). (1) At 31 December 2017, EDF Energy recognised surplus funding on its EEGSG and BEGG pension schemes (see note 31.3.1). (2) Changes in the scope of consolidation at 31 December 2017 principally comprise pension commitment and other long-term employee benefits related to the (3) acquisition of Framatome, amounting to €629 million.

France (1) 33,373 (11,566) 21,807

United Kingdom

Other

Total

(in millions of euros)

Obligations au 31/12/2016

8,891

419

42,683 (20,917) 21,766

Fair value of fund assets

(9,248)

(103)

Provisions for employee benefits at 31/12/2016

(357)

316

Including: Provisions for employee benefits

21,807

211

316

22,334

Non-current financial assets

-

(568)

-

(568)

France comprises the two operating segments “France – Generation and Supply” and “France – Regulated activities” (see note 31.2). (1)

31.2

FRANCE (REGULATED ACTIVITIES, AND GENERATION AND SUPPLY)

Given the strong similarities between their pension schemes, the two operating includes EDF and Enedis. Almost all of these companies’ employees have IEG status, segments “France – Generation and Supply” and “France – Regulated activities” including the special IEG pension and other IEG benefits. (see note 6.1) are combined here into a single subtotal, “France”, which primarily These benefits are described in note 1.3.22.

31.2.1

Details of changes in the provisions

Provisions in the balance sheet

Obligations

Fund assets

(in millions of euros)

Balances at 31/12/2016 Net expense for 2017 Actuarial gains and losses Contributions to funds

33,373

(11,566)

21,807

1,427 (598)

(220) (161) (145)

1,207 (759) (145)

-

Benefits paid

(1,501) 32,701

471

(1,030) 21,080

(11,621)

BALANCES AT 31/12/2017

368

EDF I Reference Document 2017